公告日期：2026-04-25

Hangzhou Hikvision Digital Technology Co., Ltd.
2025Annual Report

April 18, 2026

To Shareholders

Since its establishment, the management of Hikvision has been continuously introspecting: Are
we doing the right thing? Are we on the right track? Are we keeping pace with the changing times,
adhering to technological innovation, maintaining the entrepreneurial spirit, and prudently managing
risks?

The domestic and international environment is undergoing significant changes and adjustments,
and the Company's operational focus has gradually shifted from pursuing revenue growth to
improving operational quality. After nearly a decade of expansion, the Company has completed its
business layout in the AIoT field and has achieved initial results. In the next three to five years, the
Company will further strengthen and solidify its existing AIoT business. In 2025, the Company
formulatedcorresponding strategies for eachproduct lineand business, optimized internaloperational
mechanisms and resource allocation, and improved business performance; in2026, the Companywill
further refine various business strategies, deepen institutional reforms, optimize resource allocation,
and continuously improve operational quality through more stable business management, creating
long-term value for shareholders.

Artificial intelligence has become the core driving force of a new round of technological
revolution and industrial transformation. Large-scale AI models are promoting the Company's
product technology innovation and operational quality improvement at an unprecedented speed and
depth. Technological innovation has always been the driving force for Hikvision's development, and
large-scale AI model technology is being deeply integrated into the Company's products.

Over the past 20 years, the Company has beencontinuously investing in intelligent technologies,
keeping up with the development of intelligent technologies from pattern ……
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